Spellbook,
the
company
that
introduced
the
first
generative
AI
copilot
for
contract
drafting
and
review
in
2022,
and
that
last
August
launched
a
sophisticated
AI
agent
for
law
capable
of
planning
and
executing
complex,
multi-step
workflows,
today
rolled
out
Playbooks,
a
contract-review
feature
designed
for
in-house
teams
working
in
corporate
legal
departments.
“We
created
Playbooks
to
enable
legal
teams
to
codify
their
negotiation
approach
so
that
AI
can
negotiate
documents
the
same
way
their
GC
would,
using
preferred
language
and
fallback
positions,”
Spellbook
cofounder
and
CEO Scott
Stevenson
says
in
a
blog
post
published
today.
“In-house
legal
teams
can
now
manage
large
volumes
of
high-stakes contracts
where
precision
and
efficiency
are
critical.
Playbooks
helps
them
tackle
their
review
queue
up
to
10x
faster.”
Until
last
year,
Spellbook’s
product
had
primarily
been
used
by
law
firms.
But
over
the
past
year,
it
worked
with
over
160
in-house
teams
—
including
at
Nestlé,
Crocs,
Fender,
BDO
Unibank,
and
WSP
Global
Consulting
—
to
develop
this
new
feature.
“We
found
that
in-house
teams
were
wasting
time
reviewing
the
same
types
of
contracts
over
and
over
using
the
same
standards,”
Stevenson
says.
“And
existing
AI
contract
review
solutions
gave
them
too
much
variability
when
they
wanted
personalized,
consistent
results
to
support
a
high
volume
of
deals.”
The
new
feature
can
also
be
used
by
law
firms
to
develop
gold
standards
across
client
contract
reviews
based
on
their
specific
needs,
Stevenson
says.
Playbooks
enables
a
legal
team
to
codify
its
contract
review
process,
instantly
running
its
rules
against
contracts.
The
product
is
being
released
with
12
common
rule
sets,
but
users
can
build
their
own
rule
sets,
either
from
scratch
or
using
AI.
When
Playbook’s
rules
are
run
against
a
contract,
the
provisions
will
either
pass
or
fail.
To
fix
issues
it
finds,
it
will
suggest
both
AI-generated
solutions
and
your
preferred
language.
Playbooks
enables
users
to
set
a
list
of
pre-set
questions
which
will
be
automatically
answered,
with
citations,
when
the
user
runs
the
playbook.
The
new
feature
is
live
today
for
all
Spellbook
customers.
Others
can
sign
up
for
a
seven
day
free
trial.